91/293/ECSC: Decision of the European Parliament of 16 April 1991 granting a discharge to the Commission of the European Communities in respect of the ECSC accounts for the 1989 financial year
Date: 1991-04-16
Institutions: European Parliament
Subjects: ECSC operating budget, European Commission













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31991D0293

91/293/ECSC: Decision of the European Parliament of 16 April 1991 granting a discharge to the Commission of the European Communities in respect of the ECSC accounts for the 1989 financial year  


Official Journal L 146 , 11/06/1991 P. 0037 - 0042 





DECISION OF THE EUROPEAN PARLIAMENT  of 16 April 1991  granting a discharge to the Commission of the European Communities in respect of the ECSC accounts for the 1989 financial year  (91/293/ECSC) THE EUROPEAN PARLIAMENT,  - on the basis of the following figures (1) taken from the ECSC accounts as at 31 December 1989, in the light of the statement by the Court of Auditors of 27 June 1990 that the accounts give a true and fair view of the financial situation of the  European Coal and Steel Community as at 31 December 1989, and in the light of the results of the ECSC's operations in the financial year ending on that date,  1. Grants the Commission discharge in respect of the accounts of the European Coal and Steel Community for the financial year 1989 (the figures for the out-turn of the operating budget for the financial year 1989 are also attached by way of  illustration);  2. Instructs its President to forward this Decision and the resolution containing its observations to the Commission, the Council, the Court of Auditors and the ECSC Consultative Committee and to have them published in the Official Journal of the  European Communities (L Series). Done at Strasbourg, 16 April 1991.   Secretary General  Enrico VINCIU  President  Enrique BARÓN CRESPO BALANCE SHEET AT 31 DECEMBER 1989  (ECU)   ASSETS  LIABILITIES     Balances with central banks (note 4)  85 900  Balances with credit institutions (note 4):   - repayable on demand  25 083 527  - with agreed maturity dates or periods of notice  880 755 585  Debt securities held in  portfolio (notes 4 and 5)  1 099 119 086  Loans outstanding (note 6)  6 919 110 226  Issuing costs and redemption premiums for amortization  32 058 930  Land and buildings and intangible assets (note 7)  6 452 622  Other assets (note 8)  78 809 019   Prepayments and accrued income (note 9)  237 966 940   Total  9 279 441 835    Liabilities vis-à-vis third parties   Amounts owed to credit institutions with agreed maturity dates or periods of notice  64 750 534  Long-term and medium-term debts (note  10)  6 663 655 098  Other liabilities  5 747 119  Accruals and deferred income (note 11)  355 002 342  Provision for losses and expenses  4 741 757  Commitments for the ECSC operating budget (note 12)  1 120 320 224   Total liabilities vis-à-vis third  parties  8 214 217 074  Net assets   Provisions for the financing of the ECSC operating budget (note 13)  325 187 850  Provision for changes in the ecu rate  12 799 169  Reserves (note 14):   - Guarantee fund  482 885 000  - Special reserve  188 980 000   - Former pension fund  53 698 379  - Contributions to reserves from the new Member States not yet called in  0   Total reserves  725 563 379  Profit brought forward  893 213  Profit for the financial year  781 150   Total net assets  1 065 224 761    Total  9 279 441 835   Source: ECSC Financial Report 1989.    PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31 DECEMBER 1989  (ECU)   EXPENDITURE  REVENUE     Interest payable  660 884 752  Issuing costs and redemption premiums  11 666 803  Commission payable  2 290 892  Capital losses on securities  4 906 431  Other financial costs  1 154 543  Allocation to the provision for  losses and expenses  1 223 795  Value adjustments in respect of securities  21 657 319  Value adjustments in respect of fixed assets  345 996  Conversion differences  481 029  Allocation to the provision for changes in the ecu rate  -  Administrative  expenditure (fixed amount) (note 15)  5 000 000  Expenditure relating to fines, deposits and levy  683 369  Legal commitments for financial year:   - Redeployment  183 859 424  - Research  78 590 077  - Interest subsidies (Article 54)  -  - Interest  subsidies (Article 56)  60 664 000  - Coal rationalization  9 196 618  - Social measures in the steel industry  75 000 000  Allocation to reserves for financing the ECSC operating budget  286 887 850   Total expenditure  1 404 492 898  Profit for the  financial year  781 150   Total  1 405 274 048  Interest receivable (note 16)  847 378 195  Issuing and redemption premiums  7 891 360  Gains on own bonds  1 166 092  Gains on other securities  4 667 666  Other financial revenue  1 055 435  Income from  value readjustments in respect of securities  -  Income from value readjustments in respect of debtors  96 664 866  Conversion difference  -  Exchange difference  460 741  Withdrawal from the provision for changes in the ecu rate  481 029  Levy (note  17)  165 667 139  Fines (note 18)  5 279 069  Deposits (in accordance with Decision No 3717/83)  64 744  Cancellations of legal commitments  71 116 262  Withdrawal from the provision for financing the ECSC operating budget  203 381 450  Other revenue  -    Total  1 405 274 048   Source: ECSC Financial Report 1989.    OUT-TURN OF THE ECSC OPERATING BUDGET FOR 1989  (million ECU)   REQUIREMENTS  OUT-TURN  RESOURCES  OUT-TURN       Operations to be financed from current resources (non-repayable)   1. Administrative expenditure  5  2. Aid for redeployment (Article 56)  183,9  3. Aid for research (Article 55)  78,6  3.1. Steel   35,8  3.2. Coal  30,1  3.3. Social  12,7  4. Interest subsidies  60,7  4.1. Investments (Article 54)  -  4.2. Conversion (Article 56)  60,7  5. Social measures connected with restructuring of steel industry  75  6. Social measures connected with  restructuring of coal industry  9,2  Surplus  44,3   Total  456,7  Resources for the financial year   1. Current resources   1.1. Yield from levy at 0,31 %  165,7  1.2. Net balance from previous year  156  1.3. Fines and surcharges for late payment   52,2  1.4. Miscellaneous  -  2. Cancellation of commitments unlikely to be implemented  71,1  3. Unused resources from 1988  11,7  4. Exceptional revenue   Social measures connected with  restructuring of steel industry  p. m.  5. Drawings on contingency reserve  p. m.       Total  456,7    Operations financed by loans from non-borrowed funds   Workers' housing  12  Origin of non-borrowed funds   Special reserve and former ECSC pension fund  12   Source: ECSC Financial Report 1989.  (1) The relevant tables are included after this proposal for a decision.   RESOLUTION  on the report of the Court of Auditors on the financial situation of the European Coal and Steel Community as at 31 December 1989 and on the report (Annex to the 1989 ECSC Annual Report) of the Court of Auditors on the accounting and  financial management of the ECSC;  THE EUROPEAN PARLIAMENT,  - having regard to the ECSC financial report and in particular the balance sheet and profit-and-loss account for the ECSC as at 31 December 1989, submitted by the Commission,  - having regard to the report of the Court of Auditors on the financial situation of the ECSC as at 31 December 1989 and to the annex to the 1989 ECSC Annual Report containing the report on the accounting and financial management of the European Coal  and Steel Community (Doc. C3-0248/90),  - having regard to the memorandum of 12 November 1990 of the ECSC Consultative Committee on the future of the ECSC Treaty (1),  - having regard to the report of the Committee on Budgetary Control (Doc. A3-0052/91),  A. having regard to its Decision of 3 April 1990 granting a discharge to the Commission of the European Communities in respect of the ECSC accounts for the financial year 1988 (2) and the corresponding resolution,  B. having regard to its resolution of 15 December 1988 on the fixing of the ECSC levy rate and the drawing up of the ECSC operating budget for 1989 (3),  C. having regard to its resolution of 26 May 1989 on the draft supplementary and amending budget for 1989 (4),  1. Notes that the ratios calculated by the Commission for the reserves and the ratios calculated by the Court of Auditors for the guarantee fund and own resources as a whole are tending downwards slightly, but were essentially static compared with the  previous year, that the ratios for own resources continue to exceed, albeit tending downwards, the recommended own-resources range, the consequently, overall, the own-resources position continues to be most satisfactory;  2. Calls on the Commission to apply rigorous criteria, when entering into new commitments or reviewing existing commitments, in order to ensure that funds are employed as effectively as possible;  3. Urges the Commission, in the light of the ECSC's new role in the five new Laender of the Federal Republic of Germany and in Eastern Europe and the deliberations on the future of the ECSC, to submit an assessment of the socio-economic impact of the  ECSC's financing activities, pursuant to Articles 54 to 56, for which Parliament has been calling for several years, in order to establish that funds are being employed effectively;  4. Takes the view that a comprehensive analysis of the success of restructuring policy measures funded by the Community and the Member States must document the improvements in competitiveness resulting from increased productivity; in this connection,  the economic and social implications for the regions concerned must be pointed out;  5. Again asks the Court of Auditors to examine how the ECSC's financial operations are managed in terms of the coordination thereof with other Community financial instruments;  6. Again points up the call made in previous years' discharge reports and in the Pasty report of 12 December 1990 that the Commission should involve Parliament in planning arrangements concerning the ECSC's future; points up the need for the  deliberations on the ECSC's future to take account of the conclusions reached in the analysis to be conducted of the effectiveness of assistance measures;  7. Requests the Commission to notify it twice a year about the progress, in terms of structural adjustment, of financing activity in the five new Laender of the Federal Republic of Germany and in Eastern Europe;  8. Emphasizes the need to take into account, when granting grants or loans to the five new Laender of the Federal Republic of Germany and to countries in Eastern and Central Europe, the need to remedy the environmental problems of the past and to reduce  the current high levels of pollution in those areas;  9. Instructs its President to forward this resolution to the Commission, the Council, the Court of Auditors and the ECSC Consultative Committee.  (1) OJ No C 302, 1. 12. 1990, p. 3. (2) OJ No C 113, 7. 5. 1990, p. 46. (3) OJ No C 12, 16. 1. 1989, p. 173. (4) OJ No C 158, 26. 6. 1989, p. 327.